Indian markets are expected to open Positive tracking SGX Nifty, said Angel Broking in its report. ''The trend deciding level for the day is 25,843 / 7,833 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 26,028-26,342 / 7,889-7,986 levels. However, if Nifty trades below 25,843 / 7,833 levels for the first half-an-hour of trade then it may correct towards 25,529-25,344 / 7,736-7,680 levels,'' it added.
U.S. Markets closed in positive territory on Wednesday. The rebound on U.S. Markets came as traders looked to pick up stocks at reduced levels following the downturn seen over the course of the trading day on Tuesday.
European markets ended in negative territory on Wednesday, as concerns about China continued, even after China's central bank Tuesday cut its key interest rates and reserve ratio, boosting efforts to support the slowing economy.
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